| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | MHOR looks for investment that exhibit the following set of characteristics: -Opportunity - to take advantage of growth and positive alignment with industry themes and trends. -Quality business - competitively advantaged product or service offering. -Financial flexibility - appropriately resourced to capture its opportunity. -Management - with the vision and capability to bring it all together. -Fundamentally undervalued. MHOR also considers labour standards, environmental, social and ethical considerations when making investment decisions but only to the extent that these factors impact the assessment of risk or return. The minimum suggested investment timeframe is 3-5 years. |
| Manager Comments | Three of the largest contributions came from Imdex (+23%), Alliance Aviation Services (+9%) and NextDC (+11%). The major detractor for the month was TopBetta Holdings (-7%), however, MHOR's view is that the stock continues to demonstrate strong positive momentum and they see numerous catalysts ahead which should drive the stock price higher. MHOR note in their latest report that Small Cap equities outperformed Large Caps during August (XSAOI +2.71% vs ASX100 -0.31%), underpinned by strong gains in smaller resources (XSR +6.85%) and a solid uplift in smaller industrials (XSI +1.42%). MHOR remain of the view that the Fund is well positioned to outperform the ASX Small Ordinaries Index with a diverse portfolio of stocks leveraged to multiple structural growth themes and trends, as well as a number of overlooked classic value plays. |
| More Information |
